Perform – which floated in 2011 and supplies video clips, live action and sports news and data to media groups and online bookmakers – saw its shares soar 26.35 per cent on Monday following the disclosure that Access was looking to increase its 42.6 per cent stake.

“The board values Access Industries as a long-term shareholder and supporter of the company but has concluded that the final cash offer undervalues the company and its prospects,” said Perform in a statement yesterday.

Perform’s board, which includes sports presenter Gabby Logan, said it will recommend shareholders to reject Blavatnik’s bid.